The significant devaluation of the hryvnia last week was related to unfounded fears, while the National Bank of Ukraine (NBU) jointly with the government would manage to return the rate to the fundamentally justified level of Hr 20-22 per $1, NBU Head Valeriya Gontareva has stated.

Ukraine's President Petro Poroshenko has posthumously bestowed the Order of Freedom on the Russian politician Boris Nemtsov who was killed in central Moscow on Feb. 27, the Ukrainian president's press office said.

VIENNA - The Ukrainian businessman, the head of the Federation of Employers of Ukraine, Dmytro Firtash, has announced the creation of the Agency for Ukraine's Modernization and raising the investment of at least $300 billion for reforms.

The leaders of Russia, Germany and France have agreed to ask the Organization for Security and Co-operation in Europe (OSCE) to help with the implementation of the latest cease-fire agreement in eastern Ukraine.

MOSCOW - Lukoil as at the end of 2014 acknowledged impairment loss in relation to assets for sale at $85 million and relating to its business reputation at $19 million, the oil company said in a report.

PARIS - A British investor who made millions in Russia before his lawyer was imprisoned and died is calling for an international investigation into the killing of Russian opposition figure Boris Nemtsov.

A Russian lawyer for Edward Snowden said on March 3 the fugitive former U.S. spy agency contractor who leaked details of the government's mass surveillance programs was working with American and German lawyers to return home.

Russia barred entry to two European Union politicians who had planned to attend the funeral on March 3 of murdered opposition figure Boris Nemtsov, prompting accusations the Kremlin was using the killing to score petty political points.

The Ukrainian economy is tanking, Poland is worried a major wave of refugees could leave Ukraine, a major bank has failed, and inflation is running high. The central bank has responded with a massive interest rate hike.

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